AdEx Bottom Signal (Potential Between 480% & 1,255%)

22 Feb 2024

AdEx is showing strong reversal signals based on the daily timeframe price action while at the same time it hit a strong low on the RSI.

Let me show you...


This is the lowest level since June 2021, almost three years ago and obviously a bullish signal.
This bullish signal is already confirmed because ADXBTC RSI has a reading of 48 after hitting 25 (oversold).

Notice the daily timeframe:

A new All-Time Low hit today and the bounce that follows is really strong. This is based on the full green candle moving above EMA10 and challenging EMA21.

We also have a falling wedge.
The whole picture is quite bullish but this is only short-term.

We end with the weekly chart:

While not much seems to be going on here, we have a DragonFly Doji so far this week as the new ATL was hit. An even bigger falling wedge is also present and we know how strongly bullish are the ALTSBTC.

A long-term bullish divergence can be spotted with the weekly RSI; it bottomed July 2019 and has been producing higher lows since. This is a 4.5 years old divergence.

Additional details on the chart.

Namaste.

30 Mac 2024

Nota

This is an easy one. The chart looks perfect and it has great growth potential.